Local Bounti Corporation/DE President and CEO Kathleen Valiasek filed a Form 4 on November 3, 2026, disclosing that the company withheld 33,917 shares of common stock on November 1, 2026, to cover withholding tax obligations arising from the settlement of previously awarded restricted stock units.

Key Highlights

  • Reporting person: Kathleen Valiasek, President and CEO, and Director of Local Bounti Corporation/DE (NYSE:LOCL)
  • Transaction: 33,917 shares of common stock disposed of (transaction code F) on November 1, 2026
  • Price per share: $0.93, applied to shares withheld for tax purposes
  • Remaining holdings: 1,372,223 shares of common stock held directly following the transaction
  • Purpose: Shares withheld by the company to satisfy withholding tax liability upon RSU settlement, per footnote 1 of the filing

Local Bounti CEO's RSU Settlement and Resulting Share Position

According to the filing, Local Bounti Corporation/DE, a company headquartered at 490 Foley Lane, Hamilton, Montana 59840, reported a disposition of common stock by its President and CEO, Kathleen Valiasek. The transaction, dated November 1, 2026, involved 33,917 shares disposed of under transaction code F, which the filing's footnote describes as "shares withheld by the Company in payment of the withholding tax liability incurred upon settlement of restricted stock units previously awarded."

The shares were disposed of at a price of $0.93 each and recorded as a direct disposal. No shares were acquired in connection with this transaction. Following the reported event, Valiasek held 1,372,223 shares of Local Bounti common stock directly, according to the filing. The form was signed by Kathleen Valiasek and filed on November 3, 2026, covering the earliest transaction date of November 1, 2026. No derivative securities transactions were reported in Table II of the filing.

The filing was made pursuant to Section 16(a) of the Securities Exchange Act of 1934, which requires officers, directors, and significant shareholders to disclose changes in beneficial ownership. Valiasek is identified in the filing as both a Director and an Officer holding the title of President and CEO. The form indicates this was filed by one reporting person individually, not as part of a joint or group filing.

What Was Disclosed

Kathleen Valiasek, President and CEO of Local Bounti Corporation/DE (NYSE:LOCL), disclosed the withholding of 33,917 common shares at $0.93 per share on November 1, 2026, to cover taxes owed upon restricted stock unit settlement, leaving her with 1,372,223 directly held shares.